3) Number the following types of accounts (1-6) as they would appear on the Trial Balance.

________ Assets

________ Capital

________ Revenue

5) A computer server system, which had cost $210,000 and had accumulated depreciation of $147,000, was traded for a new system with a fair market value of $235,000. The old system and cash of $180,000 were given for the new system. Prepare the journal entry for the exchange of these similar assets assuming the income tax method is used to record the exchange.

________ Liabilities

________ Withdrawals

________ Expenses